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A cruel and ruthless fact, most people will not earn 5 million in their lifetime, or most people's life is not worth 5 million
Suppose an ordinary person in a second-tier city
Started working at the age of 23, with an annual salary of 100,000 (assuming the annual salary remains unchanged), and retired at the age of 65.
The income obtained from the wages received is (65-23)×10=4.2 million
This is the amount of 4.2 million that this person has obtained from wage income in his lifetime.
Then set the annual savings to be 7W, and the savings during the working period is (65-23)×7=294W
Suppose an ordinary person in a third-tier city
Started working at the age of 23, with an annual salary of 60,000 (assuming the annual salary remains the same), and retired at the age of 65.
The income obtained from the wages received is (65-23) × 6 = 2.52 million
This is the amount of 2.52 million that this person has earned from wage income in his lifetime.
Then set the annual savings of 5W, and the savings during the working period is (65-23)×5=210W.
What is the concept of 5 million?
Graduated from university, with a monthly salary of over 10,000, without eating or drinking, and worked until retirement. You may not be able to earn it.
Another fact to tell you.
5 million deposits in banks and conservative financial management, with an annual interest of 250,000 and a monthly interest of 20,000.
So it is: three college students, with a monthly salary of more than 10,000, do not eat or drink, and work until retirement.
That's not even compound interest. Including compound interest, that is equivalent to 5 college students with a monthly salary of more than 10,000, without eating or drinking, and working until retirement.
What is the probability of a monthly salary exceeding 10,000?
With a monthly salary of more than 10,000, what is the probability of working until retirement?
Is it possible not to eat or drink?
How much food and drink can be left in the end?
Flexible summary: equivalent to dozens, or hundreds, thousands, or even tens of thousands, hundreds of thousands of college students' lifetime income. Because some people may have less than 10,000 deposits in the end.
With 5 million cash, you can easily surpass 1 billion people in China. Even with assets of 5 million, you can easily surpass hundreds of millions of people in China. These are the most conservative estimates.
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